18
Dec
11:22
Steel prices remain mixed despite real estate recovery
Chinese steel futures prices rebounded on Friday but the spot market saw rebar fall week-on-week while hot rolled coil gained. Higher house prices in November and a statement of faith by Blackwater in Chinese real estate are positive signs, but are not enough to boost real demand, Kallanish notes.
20mm HRB400 rebar traded in Shanghai at CNY 1,750-1,810/tonne ($270-279/t) on Friday, down CNY 20/t from the previous week as construction demand has been hit by winte…
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Anonymous
Very good overview of the weekly steel market.
Anonymous